Importance, Issues, Regulations in Rolling Out Mobile Banking in Pakistan

Inayat Hussain, Executive Director of State Bank of Pakistan talks about the importance of mobile banking to achieve the financial inclusion targets for Pakistan. Inayat talks about the evolution of regulation and the active players in this bank-led mobile money imitative.

He shares the regulators perspective on financial inclusion which needs to go beyond account opening and their approach of using Person-to-Person (P2P) payment and Government-to-Person (G2P) payments to reach critical mass.

Inayat also talks about the operational and reputational faced by the banks and KYC/AML risks faced by the regulator. He stresses that these risks have to be mitigated through appropriate regulations.